How much is 5 Island Avenue LF?

5 Island Avenue LF is listed at $464,000, which is about $488 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the association fees at 5 Island Avenue LF?

The listing reports an association fee of $1,425 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.

What are the property taxes on 5 Island Avenue LF?

The listing reports annual property taxes of $6,309 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 5 Island Avenue LF built?

5 Island Avenue LF was built in 1967 and the listing describes its condition as resale updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 5 Island Avenue LF been on the market?

5 Island Avenue LF has been listed for 159 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Is 5 Island Avenue LF waterfront?

Yes. The listing describes the water as none bayfront. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.

Which schools serve 5 Island Avenue LF?

The MLS lists North Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

5 Island Avenue LF, Miami Beach, FL 33139

$464,000 · Active

1 bed
2 baths
950 sq ft
Condominium
Built 1967
HOA $1,425/mo
MLS# A11994765
Island Terrace Condo

Photo 1 at 5 Island Avenue LF, Miami Beach

Photo 2 at 5 Island Avenue LF, Miami Beach

Photo 3 at 5 Island Avenue LF, Miami Beach

Photo 4 at 5 Island Avenue LF, Miami Beach

Photo 5 at 5 Island Avenue LF, Miami Beach

Photo 6 at 5 Island Avenue LF, Miami Beach

Photo 7 at 5 Island Avenue LF, Miami Beach

Photo 8 at 5 Island Avenue LF, Miami Beach

About this home

Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed.Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom.Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly.A Venetian Island gem, with great walkability, just a few minutes from the beaches, directly across The Standard Hotel, the condo is just a few blocks from Trader Joe’s, Fresh Market, Publix, Whole Foods, Sunset Harbour shops and restaurants, and Lincoln Road!Includes 1 assigned parking space and hurricane-impact windows.An ideal second home or primary residence combining location, comfort, and lifestyle.

Features

Bar
Walk-In Closet(s)
Balcony
Bayfront

Schools

Elementary: North Beach
Middle: Miami Beach Nautilus
High: Miami Beach

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

One Sotheby's International Realty · Listing agent: Marine Aude Karine Rivierre

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 5 Island Avenue LF.

Questions About 5 Island Avenue LF

How much is 5 Island Avenue LF?: 5 Island Avenue LF is listed at $464,000, which is about $488 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 5 Island Avenue LF?: The listing reports an association fee of $1,425 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
What are the property taxes on 5 Island Avenue LF?: The listing reports annual property taxes of $6,309 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 5 Island Avenue LF built?: 5 Island Avenue LF was built in 1967 and the listing describes its condition as resale updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 5 Island Avenue LF been on the market?: 5 Island Avenue LF has been listed for 159 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Is 5 Island Avenue LF waterfront?: Yes. The listing describes the water as none bayfront. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.
Which schools serve 5 Island Avenue LF?: The MLS lists North Beach (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

Explore

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Recently Sold Nearby

5 Island Avenue 15A, Miami Beach, FL 33139 · Sold $440,000 · 1 bd · 2 ba · 950 sq ft
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The 2 bedroom condo at 1150 Collins Avenue 404, Miami Beach, FL 33139 is comparable and listed for sale at $450,000. Another comparable condo, 5 Island Avenue 15A, Miami Beach, FL 33139, sold for $440,000 in September 2026. Other Miami Beach neighborhoods include La Gorce and Lakeview. Nearby ZIP codes include 33109 and 33140. This property also neighbors Miami, Brickell, and Key Biscayne. Compare it with the Miami Beach housing market report.